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22495 E Silver Creek Lane Queen Creek, AZ 85142

5 Beds 3 Baths 2,308 sqft Built 2018

$435,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $188.47
  • 2 Days on Market
  • MLS # : 6208265
  • Updated Date : 03/20/2021 at 01:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,308 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

In the coveted Meridian Community, you'll feel right at home in this 5 BR/3 BA, single level home with a gorgeous kitchen and open floor plan. This home is a must see with loads of upgrades. The perfectly kept yard, modern color scheme, and brick accented exterior situated on a premium lot provide great curb appeal. 12'' x 24'' wood-look tile and a neutral color palette provide the perfect base for any home decor. Gallery like front entry leading to an open Great Room/Kitchen. Gray ''shaker'' style cabinets are contrasted by a custom tile backsplash, quartz counters and stainless steel appliances including a gas stubout. Split, expansive Master Bedroom with ensuite including dual sinks and a huge walk-in shower. Don't miss this one!! Sellers are licensed Real Estate agents in Arizona.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meridian

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meridian

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,511
Property Tax -$317
Property Insurance -$72
HOA -$102
Property Management Fees -$99
CASH FLOW
-$91

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$15,973

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,0494$2,1855$2,300
$2,300
RENT COMPS ANALYSIS
  • 22495 E Silver Creek Lane Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22560 E Via Estancia -- Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2019
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 23134 S 224th Place Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.89
    •  
  • 23085 E Desert Spoon Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.95
    •  
  • 21950 E Creosote Court Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2008
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Angela A. Brayton
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208265
Last Updated: 03/20/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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